Quadplex with Impact Glass
1311 Emerald Ter, Fort Pierce, FL 34950
For Sale
$625,000
Four separate units, built in 2009, with impact glass and ample parking for guest vehicles and trailers.
Property Size2,768 SF
Price / SF$225.79
Days on Market178
Property Features for 1311 Emerald Ter
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Vanessa Carcache · License #3385560
(561) 315-2918
Source:
Exprealty
Added: May 14
Changed: Nov 5
Last Checked: Nov 6 at 10:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Partnership Realty Inc.
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Investment Insights
Based on property information with market context.
Built in 2009, this quadplex offers a rare compound-style layout with four separate living units. The property includes two 2/1 units and two studio units, providing multiple configuration options for an investor group or an owner-occupant. Complete impact glass windows are installed throughout the building.
Located in Fort Pierce, the property is described as about 15 minutes from the planned Koa Bay community, a 204-acre surf park and lagoon development expected to bring recreation, dining, and entertainment to the area. Parking is provided on-site with enough space to accommodate guests, boats, and trailers.
This setup can fit a range of buyers and operators looking for a self-contained, multi-unit property with more than one unit type. The mix of two bedrooms in the 2/1 units and studio layouts can support different household needs under one roof. With four independent units and the compound-style configuration, the property may also appeal to buyers planning for multi-generational living where separate living spaces are desirable.
Located in Fort Pierce, the property is described as about 15 minutes from the planned Koa Bay community, a 204-acre surf park and lagoon development expected to bring recreation, dining, and entertainment to the area. Parking is provided on-site with enough space to accommodate guests, boats, and trailers.
This setup can fit a range of buyers and operators looking for a self-contained, multi-unit property with more than one unit type. The mix of two bedrooms in the 2/1 units and studio layouts can support different household needs under one roof. With four independent units and the compound-style configuration, the property may also appeal to buyers planning for multi-generational living where separate living spaces are desirable.
Key Highlights
- Four separate units built in 2009
- Unit mix: two 2/1 units and two studios
- Impact glass windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,649
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,980
$813.0K
Cap Rate 7%
$580,700
$580.7K
Cap Rate 9%
$451,656
$451.7K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$61.4K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$58.1K $20.98/SF
− OpEx
−$17.4K −$6.29/SF
NOI
$40.6K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,980
Cap Rate 7%
$580,700
Cap Rate 9%
$451,656
Alternative Uses
Best Use
Multifamily LT 5
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$696.1K
$609.1K – $812.1K
NOI $48,728 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
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Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in St. Lucie County, FL
Properties on Market for Quadplexes in St. Lucie County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units, built in 2009, with impact glass and ample parking for guest vehicles and trailers.
Where is this quadplex located?
The property is located at 1311 Emerald Ter Fort Pierce, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four separate units built in 2009; Unit mix: two 2/1 units and two studios; Impact glass windows throughout
